Navios Maritime Partners Increases Sales but Misses Estimates on Earnings

Navios Maritime Partners (NYS: NMM) reported earnings on April 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Navios Maritime Partners beat expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue increased. GAAP earnings per share dropped significantly.

Gross margins grew, operating margins contracted, net margins dropped.

Revenue details
Navios Maritime Partners chalked up revenue of $50.3 million. The seven analysts polled by S&P Capital IQ expected a top line of $49.0 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.24. The six earnings estimates compiled by S&P Capital IQ anticipated $0.25 per share. GAAP EPS of $0.24 for Q1 were 20% lower than the prior-year quarter's $0.30 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 93.8%, 50 basis points better than the prior-year quarter. Operating margin was 37.1%, 270 basis points worse than the prior-year quarter. Net margin was 32.3%, 300 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $47.9 million. On the bottom line, the average EPS estimate is $0.22.

Next year's average estimate for revenue is $189.3 million. The average EPS estimate is $0.86.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 226 members out of 239 rating the stock outperform, and 13 members rating it underperform. Among 59 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give Navios Maritime Partners a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Navios Maritime Partners is hold, with an average price target of $14.21.

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The article Navios Maritime Partners Increases Sales but Misses Estimates on Earnings originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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